Published on 10/6/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.3 million digital barrier notes linked to Russell, Nasdaq, S&P
By Kiku Steinfeld
Chicago, Oct. 6 – JPMorgan Chase Financial Co. LLC priced $2.3 million of 0% digital barrier notes due April 14, 2022 linked to the least performing of the S&P 500 index, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the least performing index finishes at or above its 85% of its initial level, the payout at maturity will be par plus the digital upside return of 5.3%.
If the worst performer finishes between 75% and 85% of its initial level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the least performing index from its initial level.
The notes are guaranteed by JPMorgan Chase & Co.
The agent is J.P. Morgan Securities LLC.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Digital barrier notes
|
Underlying indexes: | S&P 500, Nasdaq-100 index and Russell 2000
|
Amount: | $2.3 million
|
Maturity: | April 14, 2022
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the lesser performing index finishes at or above 85% of its initial level, par plus 5.3%; par if worst performer finishes between 75% and 85% of its initial level; otherwise, full exposure to the decline of the worst performing index from its initial level
|
Initial levels: | 4,369.55 for S&P, 2,280.005 for Russell, 14,826.09 for Nasdaq
|
Digital barrier levels: | 3,714.1175 for S&P, 1,938.00425 for Russell, 12,602.1765 for Nasdaq, 85% of initial levels
|
Barrier levels: | 3,277.1625 for S&P, 1,710.00375 for Russell, 11,119.5675 for Nasdaq, 75% of initial levels
|
Pricing date: | July 9
|
Settlement date: | July 14
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 0.35%
|
Cusip: | 48132UZW6
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.